ATR boosts annual deliveries 44%
February 15, 2024
ATR delivered 36 aircraft in 2023, up from 25 the previous year. The European turboprop manufacturer says the higher deliveries reflect positive momentum, while acknowledging the lingering supply-chain disruptions it faced last year, as raw material and component shortages slowed down its ambition to ramp up. Orders for 40 new aircraft were recorded by ATR in 2023, versus 26 in 2022. The airframer generated $1.2 billion in revenue, a post-pandemic high supported by more than $400 million in revenue for customer support and services. ATR added 11 new customers during 2023. It notes that 160 new routes were opened with ATR aircraft last year, up from 150 in 2022. "Our 2023 results underscore the value and relevance of our products and services and our ability to adapt to changing market dynamics," states ATR chief executive Nathalie Tarnaud Laude, adding that "2024 will be a year of stabilisation, paving the way for future growth, and we have already delivered two aircraft since the beginning of the year, which sets a promising pace for ATR".
Thai places order for 45 Boeing widebodies
February 15, 2024
Thai Airways has disclosed agreements with Boeing for a firm order of 45 "mid-range and long range widebody aircraft", plus options, and with GE Aerospace for the engines. The carrier says deliveries are scheduled from 2027. It notes that with the acquisition of these aircraft, its fleet would reach a total of 96, still fewer than the 100 it operated in 2013. Further details of the acquisition, including the aircraft type and engine specifications, will be disclosed at the Singapore air show being held between 20 and 25 February, adds Thai. Requests for proposals had been issued to aircraft and engine manufacturers last year. Thai notes that its long-term aircraft acquisition plan is "crucial" for replacing lease expiries and ageing aircraft, and to sustain growth and retain market share, highlighting that its share at its Bangkok Suvarnabhumi hub has decreased from 51% in 2013 to 27% in 2023, partly as a result of limited fleet size and aircraft efficiency. Since 2023's second quarter, Thai has secured 21 widebodies, primarily Airbus A350s equipped with Rolls-Royce Trent XWB engines. It plans to add A321neos into its fleet from the fourth quarter of 2025. Thai had a fleet size of 70 aircraft in 2023. This is increasing to 79 in 2024 and projected to reach 90 by 2025.
Boeing may reach top of capped Max rate by second half of 2024
February 14, 2024
The US Federal Aviation Administration's increased oversight of Boeing has slowed production of 737 Max aircraft to the point that the manufacturer may not reach the top end of the FAA-capped production rate until the "back half" of 2024, Boeing finance chief Brian West has observed. West had noted on 31 January during an earnings call that per the FAA's 24 January announcement that it would not grant any production expansion of the Max, Boeing would maintain the production rate at 38 per month and "work transparently with the FAA to complete all requirements for future increases". Speaking on 13 February during the TD Cowen Aerospace and Defense conference, West said that Boeing in the first half of this year will be producing Max jets at a "lower output" rate, and that in the "back half will be cycling toward that 38 [monthly rate]". West adds that the intensified regulatory scrutiny that has followed the FAA's early January temporary grounding of Max 9 aircraft "is only going to work to make [Boeing] stronger", adding: "If we go slow and we stay at these capped rates for longer, we respect that". He adds: "Holding the rate is a chance for us to double down on stability." Boeing Commercial Airplanes (BCA) delivered 27 aircraft in January 2024, down from 38 deliveries in January 2023, the manufacturer has disclosed. All but two of the deliveries were Max aircraft, with the remainder being one 787-9 and one 767. BCA booked three gross orders during the first month of year, all for Max aircraft, compared with 55 gross orders in January 2023. One order for a 787-9 and two for Max jets were cancelled.